Question: Please find the below attached question and give the answer properly. 6. Datta co. issues cheques of Rs. 4000 daily and it takes 8 days

Please find the below attached question and give the answer properly.

Please find the below attached question and give the answer properly. 6.

6. Datta co. issues cheques of Rs. 4000 daily and it takes 8 days for its cheques to be cleared. Datta co receives cheques of Rs. 20000 daily and it takes 8 days for these cheques to be realized. Assume that there is a balance of Rs. 30000 to begin with; show the balance in the books of the firm and the bank. What will be the balance in the steady state situation

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